facebookHow to invest on behalf of my children? Understand that they can only register for CDP account when they are 18. Any suggestions? Philips SBP? - Seedly

Tzerwah Tay

16 Nov 2019

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How to invest on behalf of my children? Understand that they can only register for CDP account when they are 18. Any suggestions? Philips SBP?

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Hi. The other method to consider will be to open a joint account (e.g. ePOSB Kids Account) with your child and then to invest in selected local ETF via a regular savings plan.

There are two platforms that I know you could help your children to invest in.

DollarDex

You could specify the account type to Joint or Joint-Juvenile depends on the age of your children. Dollardex is more for investing in Index Fund and etc. You can look up on it more on the website.

https://www.dollardex.com/sgn/?current=investUT...

FSMOne

You can create a beneficiary account for your children and they are able to invest in the different Asset Class on their own. You can check it out at https://secure.fundsupermart.com/fsm/account-op... for more information.

Hope this helps! :)

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